VNTG News & Events

Vantage announced that its wholly owned holding subsidiary, Vantage Corporation, has entered into three separate sales and purchase agreements to acquire 100% of the issued share capital of PJ Marine Singapore, 60% of the issued share capital of PJ Marine Shanghai and 60% of the issued share capital of Peijun Marine Consultant, respectively, for a total consideration of approximately $3.6M, to be settled entirely in cash. The consideration will be paid in two installments: the first payment on the completion date and the second payment on the first anniversary of the completion date.

Vantage Corp announced that its board of directors has authorized a share repurchase program of up to $1M of the company's Class A ordinary shares. The program will be in effect through December 31, 2026. "Given the recent volatility in our share price, we believe our stock is significantly undervalued relative to the strength of our fundamentals and long-term growth prospects," commented CEO Andre D'Rozario.